corporations are still posting record high levels of earnings against the backdrop of a weak global economy. if we get a big downdraft from whatever happens out of boston or some other factor, that's a real risk factor, but near term, very strong earnings, hard to argue with stocks with that backdrop. >> you just mexed the boston marathon incident. we doebt have the complete story on that tragedy, but events like that do impact investor psychology. how much? >> that's right. really two factors to focus on. first, what effect does it have on consumer confidence? first question, how does it affect consumer spending, psychology. the broader issue is more nebulous. what are the geopolitical ramifications of the event. we've had examples over the past 20 years, oklahoma city or 9/11, some have very profound impacts on geopolitical impacts and the economy and some not as much. >> since the woes of last year, there's been a mind set of investors to buy the dips. as the market comes lower, they step in and see an opportunity to buy. now, we've had a pretty good selloff in the past couple of days an